First Business Bank’s asset-based lending team closed and funded $7 million revolving line of credit to support an Illinois consumer products company restructuring in response to retail market disruption and global trade challenges.
“This transaction demonstrates our expertise in working with companies facing complex market transitions,” Mike Colloton, senior vice president, asset-based lending at First Business Specialty Finance, a subsidiary of First Business Bank, said. “Our client is restructuring due to the evolving retail landscape, and we’re pleased to provide the financial flexibility they need during this critical restructuring phase.”
The revolving line of credit provides the company with the resources to manage inventory cycles and capitalize on peak selling seasons while executing its restructuring strategy amid ongoing industry challenges.
